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RBI governor Sanjay Malhotra urges banks to reclaim global rupee trading space
Economy
Published on 2 May 2026
Rupee offshore trading needs a new global role
RBI Governor Sanjay Malhotra has pushed Indian banks to step up as global market-makers for the rupee, aiming to regain offshore trading share. He cited shortcomings in rupee derivatives and said tighter foreign exchange market rules are already in place to curb volatility, reshaping how banks manage currency risk and liquidity.
- RBI wants Indian banks to act as rupee global market-makers
- Offshore rupee trading share is a core target
- RBI flags gaps in rupee derivatives performance
- Newer forex regulations aim to reduce currency swings
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times